A Landfill Credit Account Bond must be filed with Union County when a person is applying for a landfill credit account in North Carolina. The bond must be in an amount of 1.5 times of the total of the credit account. Jet issues this surety bond to guarantee that Principals (landfill credit account users) will pay the Obligee (County of Union) for services provided under the Application for Landfill Credit Account.
You can apply for your Landfill Credit Account Bond within minutes through Jet’s step-by-step online application!
The cost for a Landfill Credit Account Bond at Jet starts as low as $10 per month or $100 a year, with multi-year options also available. The cost is determined by a review of the bond limit and credit history. The chart below shows preferred credit rates at different bond limits.
The bond limit is calculated by multiplying the amount of the landfill credit account by 1.5. The limit varies to cover the payment for services used in the case of an account holder that fails to pay for landfill services.
The Landfill Credit Account Bond must be held by any person who is applying for a landfill credit account in Union County. The credit account allows a person to establish a bill for the use of landfill services instead of paying for such services each time. The bond protects the County of Union from losses incurred by an account holder failing to make payment for services provided.
Applying for a Union County Landfill Credit Account Bond is easy with Jet - it only takes a few minutes! Only necessary information will be asked for in the application, such as the bond limit and business information. Because the bond is credit-based, you will need to supply your social security number for a soft credit check (this won’t affect your credit score like a hard inquiry would).
Once the application is complete, one of the following will occur:
After you have purchased your bond, Jet will file the bond and you will receive an electronic copy of your Union County Landfill Credit Account Bond right away.
Jet will sign and seal the Landfill Credit Account Bond before mailing it to you. You must sign the bond and add a corporate seal, if applicable.
Once the bond has been completed, you must attach a copy of the landfill credit account application to the original bond and mail it to:
500 N Main St
Monroe, NC 28112
Yes! With Jet, you can receive a refund for any unused premium of a Landfill Credit Account Bond that was paid in full. When you request cancellation, Jet will notify Union County right away. When calculating your refund, Jet only withholds the amount for the time your bond was active; the rest of the time left on the bond turns into your refund.
If you are on the monthly payment plan, Jet will send a notice of cancellation to Union County right away. Your payments will be stopped once the County has confirmed the cancellation of your bond. Unlike prepaid annual terms, monthly payments would not be eligible for a refund.
When it is time to renew your Landfill Credit Account Bond, Jet will send you a notice via standard mail and email. Since this bond has a custom limit, any changes to the limit can be addressed at the time of renewal.
Whether you are renewing with payment in full or on monthly terms, you will need to verify your bond limit. You can do this online through the email Jet sends, or via snail mail. For a bond increase or decrease, Jet will provide you with new rates. It is important to address any changes to avoid complications with your landfill credit account.
Claims on a Landfill Credit Account Bond are easily avoidable by making sure payment is remitted to Union County for the use of services at landfills. As an account holder, you are obligated to fulfill payment for the services agreed on in the landfill credit account application or any updates made. Claims on the bond come from failure to make such payments and are filed by the County for the restitution for services provided.
If the County files a claim against your Landfill Credit Account Bond, Jet will investigate the validity of the claim. Your cooperation and honesty will be needed during the investigation. If the claim is proved valid, Jet will pay the County for the claim. Although payment has been received by the County, you are still responsible for your actions and must pay Jet back in the amount of the claim to restore your bond to the full amount. Failure to do so can result in complications with your landfill credit account.